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Research On Influencing Factors Of Personal Investment Decision In Vocational Education

Posted on:2019-05-23Degree:MasterType:Thesis
Country:ChinaCandidate:J F WangFull Text:PDF
GTID:2417330572967317Subject:Labor economics
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With the continuous development of China's economy in recent years,there is a gap in the demand for skilled talents in the labor market.On the one hand,the upgrading of industrial structure and the implementation of supply-side reform require a large number of high-tech talents.On the other hand,improving the income of workers in poverty-stricken areas is a necessary condition for building a well-off society in an all-round way.The improvement of workers' skills can better promote their income.Therefore,the development of vocational education is a reasonable choice.Correspondingly,the state has also issued a series of policies to promote the development of vocational education,but the results are not satisfactory.The supply of skilled talents in the labor market has not increased.The problem of "technical shortage" still exists.There is a structural problem in the labor market.Unbalanced,a large supply of low-skilled or even unskilled labor.Although the government has invested a large amount of money in vocational education and has always encouraged the development of vocational education,after completing nine years of compulsory education,there are still many young people who cannot be admitted to ordinary high schools.They prefer to enter the labor market directly instead of vocational education investment.In response to this phenomenon,the problems studied in this paper came into being.That is,under the background that the state has given a lot of financial support,why is the enthusiasm for investment in vocational education in rural and remote areas in the west still not high?This article gives some reference answers from the perspective of cultural factors.This paper analyzes the development status of secondary vocational education.On the one hand,the state's investment in secondary vocational education is increasing.On the other hand,the enrollment scale of secondary vocational education has shown a downward trend in recent years,and its rate of student source loss is also significantly higher,about 4 to 5 times than the rate of loss of ordinary high school education.In this context,It has important theoretical and practical significance to study the influencing factors of individual investment decision-making in vocational education.The main theories based on this paper:human capital theory,labor market segmentation theory and poverty culture theory.This paper uses the data of China Labor Force Dynamic Survey(CLDS2014)to select the sample data that has received vocational education.Firstly,it uses the Mincer Income Equation to measure the rate of return of vocational education.The study also found that there is also a significant positive correlation between the educational level and income of individuals receiving vocational education.Then use the quantile regression model to analyze the investment risk of individual vocational education by using the educational investment risk measurement indicators proposed by Pereira and Martins.It is found that compared with urban individuals,rural individuals have greater risks in investing of vocational education.This is due to the imbalance between urban and rural development.Due to the slow economic development in rural areas,the access to information is limited,and the quality of education is also very different from that in urban areas.Therefore,there is greater uncertainty in the return on investment in vocational education.Finally,combined with the theory of poverty culture,through the construction of the variables of poverty culture,using the Logit model to explore the factors affecting the investment of individual vocational education in the context of the higher rate of return of vocational education.Finding that "a stronger sense of local destiny,a low family social status,and a stronger concept of freedom" can hinder individuals from investing in vocational education.The main conclusions of this paper are as follows:First,the rate of return on vocational education is significantly positive,and individual choice of vocational education is correct.From the perspective of regional differences,the income of individuals in the western and central regions is significantly lower than that in the eastern regions.In addition,the urban-rural differences in income are also significant.The income of non-agricultural households is significantly higher than that of agricultural households,Therefore,it is necessary to continue to develop vocational education in rural areas and the central and western regions.Second,there are investment risks in individual investment of vocational education,especially in rural areas.The existence of such investment risks hinders the development of vocational education in rural areas.One possible explanation is that due to the occlusion of information in rural areas,the quality of education is different from that in urban areas,and there is greater uncertainty in the rate of return on investment in vocational education.Third,some factors of poverty culture will affect individuals' investment in vocational education.The more serious the individual is,the more difficult it is to choose vocational education.These people are satisfied with the current living conditions,so there is no awareness of changing the existing living conditions through education.The lower the family's social status,the more difficult it is for individuals to choose vocational education.On the one hand,because the family's economic conditions are not allowed,individuals may need to enter the society to earn income and subsidize their families.On the other hand,the reasons may come from non-economic factors.Families with low social status lack long-term investment vision,so they are more inclined to enter the labor market directly from junior high school.Finally,based on the conclusions of empirical research,this paper puts forward three policy recommendations:(1)We should continue to firmly develop vocational education and correctly guide the society's views on vocational education;(2)continuously improve the labor market and reduce the risk of investment in vocational education;(3)Accurate poverty alleviation must start from the aspects of economic poverty alleviation and cultural poverty alleviation in order to achieve the desired results.Since a large part of personal education investment is affected by the family,this paper analyzes the reasons that affect education investment from the perspective of personal values,and lacks data on family decision-making.In addition,it only analyzes the influencing factors between individuals entering the labor market and choosing secondary vocational education after graduating from junior high school.Because of the lack of relevant data,there is no analysis of the reasons for dropping out of school during secondary vocational education.
Keywords/Search Tags:vocational education investment, education investment income, education investment risk, poverty culture
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